Benefit of Cost of Acquisition in construction of roof rights in property: ITAT direct to consider Valuation Report [Read Order]

Cost of Acquisition - construction of roof rights in property - roof rights in property - ITAT - Valuation Report - Cost of Acquisition in construction of roof rights - taxscan

The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has directed to consider valuation report for giving the benefit of cost of acquisition in construction of roof rights in property. The assessee Manoj Mediratta’s case was selected for limited scrutiny for the reason of low closing stock shown in the P&L as compared to the…

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